The Saudi Investment Bank Announces the Sale of a Land Owned by 44.4445% through a Public Auction | premargin

The Saudi Investment Bank Announces the Sale of a Land Owned by 44.4445% through a Public Auction

TadawulNovember 24, 2025View on exchange

Element List	Explanation
Announcement Detail	The Saudi Investment Bank announces the completion of the sale of a land through a public auction, as per the following details: - The land is located on Khurais Road in Riyadh, with a total area of (2,707,000) meters. - The ownership share in the land amounts to 44.4445%. - The share of the net sale proceeds, after deducting the costs and expenses related to the public auction, amounts to SAR (801,092,708.85). - The sale proceeds were received on 24/11/2025. The financial impact of the transaction is expected to be positive on the Bank’s financial results during the fourth quarter of 2025.

Element List

Explanation

Announcement Detail

The Saudi Investment Bank announces the completion of the sale of a land through a public auction, as per the following details:

- The land is located on Khurais Road in Riyadh, with a total area of (2,707,000) meters.

- The ownership share in the land amounts to 44.4445%.

- The share of the net sale proceeds, after deducting the costs and expenses related to the public auction, amounts to SAR (801,092,708.85).

- The sale proceeds were received on 24/11/2025.

The financial impact of the transaction is expected to be positive on the Bank’s financial results during the fourth quarter of 2025.